Future Trends - Micromobility: disrupt the car, and rethink the city

Executive summary: Personalised short distance transport represents the best future solution for cities. Micromobility offerings from bikes to scooters (both manual and electric) have significant cost, efficiency and environmental advantages relative to cars. Over 200 cities globally have accelerated their micromobility initiatives in the past year and consumers have embraced the concept, evidenced by both purchase and usage data. Although the micromobility market is still highly nascent, it could be worth $300bn by 2030. Even then, with a 5% share of the global transportation pie, the longer-term runway ahead is significant. The industry has begun to consolidate and deal valuation levels are lower now than they were pre-pandemic. This creates a clear investment opportunity for the longer-term, even if the majority of leading players are currently private and likely loss-making.